What users are saying about
28 Ratings
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Top Rated
220 Ratings
28 Ratings
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Score 4.1 out of 100

Oracle Financials

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Top Rated
220 Ratings
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Score 7.8 out of 100

Likelihood to Recommend

MYOB

For a smaller business who isn't interested in having more than one user I think MYOB can serve them well. But if they want multiple users or are using virtual assistants there are better cloud based apps that are much more affordable and have far greater enhancements as well as integrations
Stephen Lalla | TrustRadius Reviewer

Oracle Financials

I have worked with many businesses, from an Indian casino, Cable company, government insurance, trucking and transportation and 2 healthcare organizations. I found a real issue for assets when dealing with leases of shipping containers, it was not able to track at that level of detail. For the government insurance, it did not have the level of detail needed for the payments and group policies needed in accounts receivable. for the Indian tribe, it had issues separating the various businesses and using different models for accounting. Also, security was a huge issue to see overall numbers but not details among the businesses. So each type of product has different strengths and works as designed, but the customizations can cause issues when making the software fit the business. I know Oracle has recommended changing the business process, but that does not always work, going forward.
Anonymous | TrustRadius Reviewer

Feature Rating Comparison

Payroll Management

MYOB
1.4
Oracle Financials
8.9
Pay calculation
MYOB
2.0
Oracle Financials
8.9
Benefit plan administration
MYOB
1.0
Oracle Financials
8.9
Direct deposit files
MYOB
1.0
Oracle Financials
8.9
Salary revision and increment management
MYOB
1.0
Oracle Financials
9.0
Reimbursement management
MYOB
2.0
Oracle Financials
8.9

Customization

MYOB
4.5
Oracle Financials
7.6
API for custom integration
MYOB
4.0
Oracle Financials
7.4
Plug-ins
MYOB
5.0
Oracle Financials
7.8

Security

MYOB
6.1
Oracle Financials
7.2
Single sign-on capability
MYOB
6.4
Oracle Financials
7.3
Role-based user permissions
MYOB
5.8
Oracle Financials
7.1

Reporting & Analytics

MYOB
5.6
Oracle Financials
7.0
Dashboards
MYOB
3.3
Oracle Financials
7.2
Standard reports
MYOB
7.1
Oracle Financials
7.0
Custom reports
MYOB
6.5
Oracle Financials
6.7

General Ledger and Configurable Accounting

MYOB
4.5
Oracle Financials
7.8
Accounts payable
MYOB
5.4
Oracle Financials
8.0
Accounts receivable
MYOB
6.4
Oracle Financials
8.2
Cash management
MYOB
5.4
Oracle Financials
Bank reconciliation
MYOB
7.0
Oracle Financials
Expense management
MYOB
7.4
Oracle Financials
Time tracking
MYOB
1.0
Oracle Financials
Fixed asset management
MYOB
5.5
Oracle Financials
Multi-currency support
MYOB
1.0
Oracle Financials
Multi-division support
MYOB
1.0
Oracle Financials
Regulations compliance
MYOB
5.0
Oracle Financials
Electronic tax filing
MYOB
5.0
Oracle Financials
Self-service portal
MYOB
4.0
Oracle Financials
Global Financial Support
MYOB
Oracle Financials
7.9
Primary and Secondary Ledgers
MYOB
Oracle Financials
9.0
Intercompany Accounting
MYOB
Oracle Financials
8.1
Localizations
MYOB
Oracle Financials
7.3
Journals and Reconciliations
MYOB
Oracle Financials
7.9
Enterprise Accounting
MYOB
Oracle Financials
8.8
Configurable Accounting
MYOB
Oracle Financials
8.3
Centralized Rules Framework
MYOB
Oracle Financials
7.9
Standardized Processes
MYOB
Oracle Financials
7.6

Inventory Management

MYOB
1.5
Oracle Financials
8.1
Inventory tracking
MYOB
3.0
Oracle Financials
8.3
Automatic reordering
MYOB
1.0
Oracle Financials
8.5
Location management
MYOB
1.0
Oracle Financials
8.7
Manufacturing module
MYOB
1.0
Oracle Financials
7.0

Order Management

MYOB
4.9
Oracle Financials
7.9
Pricing
MYOB
6.1
Oracle Financials
7.0
Order entry
MYOB
6.5
Oracle Financials
8.0
Credit card processing
MYOB
1.0
Oracle Financials
9.0
Cost of goods sold
MYOB
6.0
Oracle Financials
8.3
Order Orchestration
MYOB
Oracle Financials
8.0
End-to-end order visibility
MYOB
Oracle Financials
8.0
Order exception Resolution
MYOB
Oracle Financials
7.3

Subledger and Financial Process

MYOB
Oracle Financials
8.0
Automated Invoice Processing
MYOB
Oracle Financials
7.0
Shared Services Payments
MYOB
Oracle Financials
7.7
Billings Management
MYOB
Oracle Financials
7.9
Customer Receipt Applications
MYOB
Oracle Financials
8.6
Customer Collections
MYOB
Oracle Financials
8.6
Revenue Recognition
MYOB
Oracle Financials
7.7
Cash Management
MYOB
Oracle Financials
8.4
Asset Management
MYOB
Oracle Financials
8.3
Travel & Expense Management
MYOB
Oracle Financials
9.0
Budgetary Control & Encumbrance Accounting
MYOB
Oracle Financials
8.6
Period Close
MYOB
Oracle Financials
7.5
Transactions Tax
MYOB
Oracle Financials
6.0
Subledger Reconciliations
MYOB
Oracle Financials
7.7
3rd Party Accounting Systems
MYOB
Oracle Financials
8.6

Project Financial Management

MYOB
Oracle Financials
8.1
Budgeting and Forecasting
MYOB
Oracle Financials
9.4
Project Costing
MYOB
Oracle Financials
8.9
Cost Capture
MYOB
Oracle Financials
7.9
Capital Project Management
MYOB
Oracle Financials
7.9
Customer Invoicing
MYOB
Oracle Financials
7.7
Customer Contract Compliance
MYOB
Oracle Financials
7.7
Project Revenue Recognition
MYOB
Oracle Financials
7.8
Project Financial Performance Analysis
MYOB
Oracle Financials
7.7
Project Financials Dashboard
MYOB
Oracle Financials
8.0
Real-time Financial Reporting
MYOB
Oracle Financials
7.8
Embedded Business Intelligence
MYOB
Oracle Financials
7.9
Project Planning Collaboration
MYOB
Oracle Financials
8.0

Project Execution Management

MYOB
Oracle Financials
8.1
Project Planning and Scheduling
MYOB
Oracle Financials
8.0
Project Manager Dashboard
MYOB
Oracle Financials
9.0
Resource Manager Dashboard
MYOB
Oracle Financials
8.0
Task Insight for Project Managers
MYOB
Oracle Financials
8.0
Project Manager Mobile Functionality
MYOB
Oracle Financials
8.0
Team Member Task Collaboration
MYOB
Oracle Financials
8.0
Team Member Mobile Functionality
MYOB
Oracle Financials
9.0
Project Candidate Search
MYOB
Oracle Financials
8.0
Project Candidate Comparison and Analysis
MYOB
Oracle Financials
8.0
Defineable Resource Pools
MYOB
Oracle Financials
8.0
Defineable Resource Pools
MYOB
Oracle Financials
8.0
Talent Profiles
MYOB
Oracle Financials
8.0
Real-Time Project Reporting
MYOB
Oracle Financials
8.0
Absence Management
MYOB
Oracle Financials
8.0
Product Lifecycle Management
MYOB
Oracle Financials
8.0

Grants Management

MYOB
Oracle Financials
7.8
Award Lifecycle Management
MYOB
Oracle Financials
7.7
Spending Control
MYOB
Oracle Financials
7.9
Indirect Cost Management
MYOB
Oracle Financials
7.8
Billing
MYOB
Oracle Financials
7.8

Procurement

MYOB
Oracle Financials
8.2
Sourcing Team Collaboration
MYOB
Oracle Financials
7.9
Sourcing Analysis
MYOB
Oracle Financials
7.8
Bids Analyzed and Compared
MYOB
Oracle Financials
7.9
Catalog Shopping E-Commerce for Employees
MYOB
Oracle Financials
7.0
Contract Authoring
MYOB
Oracle Financials
8.8
Contract Compliance Management
MYOB
Oracle Financials
8.0
Contract History
MYOB
Oracle Financials
7.9
Contract Renewal Automation
MYOB
Oracle Financials
7.9
Contract Repository
MYOB
Oracle Financials
7.8
Contract Standardization and Enforcement
MYOB
Oracle Financials
9.0
Electronic Signatures
MYOB
Oracle Financials
8.8
Invoice Automated Matching
MYOB
Oracle Financials
8.0
Purchasing Risk and Compliance Management
MYOB
Oracle Financials
8.0
Requisitions-to-Purchase Orders Integrated
MYOB
Oracle Financials
8.6
Spend Compliance Management
MYOB
Oracle Financials
8.8
Supplier Assessment
MYOB
Oracle Financials
7.5
Supplier Communication and Collaboration
MYOB
Oracle Financials
9.0
Supplier Management
MYOB
Oracle Financials
8.7
Supplier Portal
MYOB
Oracle Financials
9.0

Risk Management

MYOB
Oracle Financials
8.0
Risk Repository
MYOB
Oracle Financials
8.0
Control Management
MYOB
Oracle Financials
8.0
Control Mapping
MYOB
Oracle Financials
8.0
Control Efficiency Assessments
MYOB
Oracle Financials
8.0
Automated Control Assessments
MYOB
Oracle Financials
8.0
Assessment Capture
MYOB
Oracle Financials
8.0
Issue Detection
MYOB
Oracle Financials
8.0
Automatic Notification
MYOB
Oracle Financials
8.0
Remediation and Certification
MYOB
Oracle Financials
8.0

Logistics

MYOB
Oracle Financials
8.3
Transportation Planning and Optimization
MYOB
Oracle Financials
8.0
Transportation Sourcing Management
MYOB
Oracle Financials
8.0
Transportation Process Integration
MYOB
Oracle Financials
8.0
Transportation Execution Management
MYOB
Oracle Financials
8.0
Freight Payment Automation
MYOB
Oracle Financials
9.0
Trade Management
MYOB
Oracle Financials
8.0
Trade Regulatory Compliance Management
MYOB
Oracle Financials
8.0
Customs Entry Management
MYOB
Oracle Financials
8.0
Customs Document Management
MYOB
Oracle Financials
8.0
Customs Document Collaboration
MYOB
Oracle Financials
8.0
Fulfillment Management
MYOB
Oracle Financials
9.0
Inventory Visibility
MYOB
Oracle Financials
9.0
Warehouse Workforce Management
MYOB
Oracle Financials
9.0

Manufacturing

MYOB
Oracle Financials
7.3
Production Process Design
MYOB
Oracle Financials
7.0
Supply Chain Business Flows
MYOB
Oracle Financials
7.0
Production Management
MYOB
Oracle Financials
6.5
Contracted Manufacturing Management
MYOB
Oracle Financials
6.0
Configuration Management
MYOB
Oracle Financials
7.0
Work Definition
MYOB
Oracle Financials
7.5
Work Execution
MYOB
Oracle Financials
8.0
Advanced Fulfillment
MYOB
Oracle Financials
8.0
Manufacturing Costs
MYOB
Oracle Financials
8.5

Supply Chain

MYOB
Oracle Financials
8.2
Forecasting
MYOB
Oracle Financials
9.0
Inventory Planning
MYOB
Oracle Financials
8.0
Multi-tier Supply Chain Planning
MYOB
Oracle Financials
8.0
Performance Monitoring
MYOB
Oracle Financials
8.0

Product Lifecycle Management

MYOB
Oracle Financials
8.0
Ideation Management
MYOB
Oracle Financials
8.0
Requirements Management
MYOB
Oracle Financials
8.0
Proposal Management
MYOB
Oracle Financials
8.0
Innovation Portfolio Management
MYOB
Oracle Financials
8.0
Product Master Data Management
MYOB
Oracle Financials
8.0
Vendor Portal
MYOB
Oracle Financials
8.0
Project Portfolio Management
MYOB
Oracle Financials
8.0

Pros

MYOB

  • Invoices
  • Purchase Orders
Anonymous | TrustRadius Reviewer

Oracle Financials

  • HFM is a powerful tool that has the ability to (usually) quickly consolidate and organize large amounts of data from many different sites around the world.
  • HFM's ability to eliminate intercompany transactions is very helpful when a number of our business units buy and sell from one another frequently.
  • Although the mechanics and coding are far from intuitive, the ability to export large amounts of data using the Excel add-in Smart View significantly reduces the amount of time required for manually adjusting individual pieces of data within the HFM system.
Dan McDougell | TrustRadius Reviewer

Cons

MYOB

  • Allows the client to manipulate dates when that can screw up their books
  • constantly freezes which causes the file to be corrupt
  • force balances the balance sheet
Kati Hesley | TrustRadius Reviewer

Oracle Financials

  • The Oracle Fixed Assets Module is not well suited to handle the unique demands of utility accounting.
  • Upgrades can be a large undertaking for both the technical team and users who will be testing. The magnitude depends on what automated testing is in place and the level of customization within the application.
  • As with most major software it is less problematic to be slightly behind the curve on any patching or overall product version. Bugs in newly released content are not uncommon.
Ryan Payne | TrustRadius Reviewer

Likelihood to Renew

MYOB

MYOB 9.5
Based on 2 answers
We have been looking in to other cloud based accounting options.
Anonymous | TrustRadius Reviewer

Oracle Financials

No score
No answers yet
No answers on this topic

Usability

MYOB

MYOB 10.0
Based on 1 answer
It is easy to use - I just don't agree with restrictions and functionality
Kati Hesley | TrustRadius Reviewer

Oracle Financials

No score
No answers yet
No answers on this topic

Support Rating

MYOB

MYOB 1.0
Based on 1 answer
They aren't willing to help at all unless you pay
Kati Hesley | TrustRadius Reviewer

Oracle Financials

No score
No answers yet
No answers on this topic

Alternatives Considered

MYOB

Not even close. Though I will say MYOB had a budget module where Zoho Books doesn't which is one thing severely lacking in Zoho Books. On the other hand, Zoho Books allows for payment processing integration without trying to get a cut from the process whereas MYOB allowed for payment processing but you had to go through their service only and it wasn't cheap.
Stephen Lalla | TrustRadius Reviewer

Oracle Financials

It is an end-to-end application which provides a complete and robust solution. It is an enterprise solution that helps in smooth operations of the finance organization in the company. Oracle should also invest in an integrated treasury management solution. We are able to get complete information with details as required for decision making.
Saurabh Parwal | TrustRadius Reviewer

Return on Investment

MYOB

  • MYOB dropped software updates for Apple IOS
  • Lack of software updates / support had a MAJOR NEGATIVE IMPACT
Anonymous | TrustRadius Reviewer

Oracle Financials

  • The system allows for us to track and report our fiscal responsibilities to the taxpayers in an accurate and timely manner. I am involved in running the system not the purchase of the system so I do not know that financial investment that we have into it.
Anonymous | TrustRadius Reviewer

Pricing Details

MYOB

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

Oracle Financials

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

Rating Summary

Likelihood to Recommend

MYOB
1.0
Oracle Financials
7.8

Likelihood to Renew

MYOB
9.5
Oracle Financials

Usability

MYOB
10.0
Oracle Financials

Support Rating

MYOB
1.0
Oracle Financials

Implementation Rating

MYOB
5.0
Oracle Financials

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